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Voltamp Transformers (VOLTAMP) had a P/E of 30.5× on 6 Nov 2026, above the industry P/E of 30.0×, and the shares are 24% below their 52-week high. Sales and net profit grew 16% and 15% a year over 3 years, with ROCE of 22% and ROE of 18%. It carries very little debt, and its dividend yield is 1.0%. It is a small-cap company with a market cap of ₹9,845 Cr, ranked 17th of 97 Electrical Equipment & Parts companies by market cap; the shares rose 35% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹9,866.00
Day high
₹9,866.00
Day low
₹9,665.00
Prev. close
₹9,939.00
Volume
17.1K

Health check

3 good · 2 fair · 1 to check
  • ReturnsAhead

    +34.9% over a year, better than 5 of 7 peers.

  • Price tagIn line

    P/E 30.5 vs industry 30.0.

  • GrowthSlow

    Sales +16.0%, profit +15.2% a year over 3 years.

  • ProfitabilityStrong

    ROCE 22.3% vs peer median 22.1%.

  • Balance sheetFair

    Practically debt-free, Piotroski 4 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Electrical Equipment & Parts

96 listed peers. Screen the industry

Small cap

₹9,845 Cr, #17 of 97 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹2,479 Cr · profit ₹323 Cr
Market cap
₹9,845 Cr
Small cap
P/E
30.5
Industry 30.0
Price to book
5.27
Peers 7.24
Dividend yield
1.03%
ROE
18.4%
Peers 18.0%
ROCE
22.3%
Peers 22.1%
Debt to equity
0.00
Debt ₹5.06 Cr
EPS (TTM)
₹319.55
Face value ₹10
OPM (TTM)
15.2%
Net margin 13.0%
Sales growth
+41.8%
Latest quarter vs a year ago
Profit growth
+7.9%
Latest quarter vs a year ago
Price to sales
3.97
EV/EBITDA 25.9

Strengths and risks

Strengths

  • Return on equity of 18.4%.
  • Return on capital employed of 22.3%.
  • Practically debt-free.
  • Quarterly sales up 41.8% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Voltamp Transformers

Voltamp Transformers Limited manufactures and sells electrical transformers in India. It offers oil filled transformers, cast resin transformers, unitized sub-stations, induction furnace transformers, switchgears, compact sub stations, and ring main units. The company also provides various services related to transformers and electrical systems, including spares; asset management; diagnostic and condition monitoring; factory overhaul, repair, and…

Headquarters
Vadodara
Employees
440
Sector
Industrials
ISIN
INE540H01012
Website
voltamptransformers.com

Price range

52 weeks

₹6,666.00₹12,863.00

Today

₹9,665.00₹9,866.00
Avg volume (3M)
27.6K
1-year return
plus 34.9%
From 52-week high
minus 24.3%

Analyst consensus

8 analysts
BuyMean target ₹11,342.88 plus 16.6%

Target range, with today’s price

Low ₹10,398.00High ₹12,600.00

Today’s price ₹9,731.00 is below the lowest analyst target.

Consensus from Yahoo Finance. Not a recommendation.

Peers · Electrical Equipment & Parts

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
POWERINDIAHitachi Energy India27,800.00minus 1.42%1,23,911107.795.324.9%16.1%0.0222.2%plus 37.9%
CGPOWERCG Power and Industrial Solutions773.00minus 4.43%1,21,78588.672.519.3%13.1%0.0221.2%plus 8.2%
POLYCABPolycab India7,871.00plus 0.28%1,18,61337.529.030.4%13.6%0.0226.6%plus 3.8%
HAVELLSHavells India1,128.00plus 5.61%70,78942.630.022.1%9.1%0.029.9%minus 28.1%
APARINDSApar Industries14,106.00minus 9.65%59,06541.630.726.7%9.5%0.1217.0%plus 87.2%
KEIKEI Industries3,988.00minus 1.80%38,14336.129.918.7%11.0%0.0419.1%plus 1.8%
HONAUTHoneywell Automation India30,080.00minus 0.79%26,61347.035.715.7%13.8%0.0210.9%minus 17.5%
VOLTAMPVoltamp Transformers9,731.00minus 2.09%9,84530.527.222.3%15.2%0.0016.0%plus 34.9%
Median of 7 peers–−1.42%70,78942.630.722.1%13.1%0.0219.1%3.8%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
483630617544684
389523536463578
93.610881.480.3106
19.4%17.1%13.2%14.8%15.5%
14.826.1−10.141.67.9
0.60.20.30.50.4
3.53.83.93.63.8
10413067.1118109
24.3%23.7%28.6%22.6%22.3%
78.999.147.991.285.1
77.9497.9447.3590.1784.10

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+16.0%
Profit CAGR 3Y
+15.2%
EPS CAGR 3Y
+15.2%
ROE
18.4%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,3761,6091,9252,146
–+16.9%+19.6%+11.5%
1,1421,2841,5551,788
234325370358
17.0%20.2%19.2%16.7%
17.22236.338.5
0.92.11.41.4
9.711.413.214.6
19.7644525.5
260398436406
23.2%22.7%25.4%24.7%
200307325305
–+53.7%+5.9%minus 6.2%
197.63303.80321.65301.85

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
10.110.110.110.1
1,0971,3431,5781,782
–3.22.10.5
115164186226
1,2231,5211,7762,018
67.276.9121225
0.20.73.4108
650890932967
8560.6162101
420492557617
1,2231,5211,7762,018

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
168216219140
−127−141−116−1
−36.3−63.3−93.8−104
4.411.59.434.5
−8.2−19.3−60.3−125
16019715914.7
−35.4−60.7−91−101

Shareholding pattern

Source: NSE filings
30.0%
promoters
  • Promoters30.00%
  • Public70.00%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202630.00%70.00%0.00
30 Jun 202630.00%70.00%0.00
31 Mar 202630.00%70.00%0.00
31 Dec 202530.00%70.00%0.00
30 Sep 202530.00%70.00%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you